Uncategorized | Bart's Charts

XLK / XLP

Posted on September 1, 2020 Leave a Comment

today, the market opened ABOVE our target zone and on a weekly basis we need to see if CLOSE above this level on Friday … folks, the sentiment indicators are thru the roof and nothing like anything I have ever seen before …. that being said, the market is ALWAYS right so we need to […]

XLK / XLP TARGET HIT

Posted on August 29, 2020 2 Comments

if you look at this chart …it is hard to make sense of it all. at least for me ….you see the EUPHORIA and SENTIMENT indicators are at extremes and expressing bullish optimism all the way back 30+ years. I’m going to say it once and for all … folks, it’s different this time. the […]

Chipotle Mexican Grill (CMG)

Posted on August 29, 2020 Leave a Comment

all, the burritos out her in San Diego are the best in the country- there I said it. I have a couple favorites and me and my son have a tradition of grabbing a Carne Asada or Cali Surf burrito every time we jam on some early morning jam sessions in the water surfing. the […]

BABA

Posted on August 23, 2020 1 Comment

a lot going on in this chart … bottom line is either here or a little higher we have significant resistance with the most “basic” of price projections completing the AB=CD. in this case we have two AB=CD’s a larger orange one that starts at the all time low around 58. and a “fractal” blue […]

A look at Gold …

Posted on August 11, 2020 Leave a Comment

that was one heck of a breakout from the triangle back down around 1350! yikes … played the triangle well but took profit WAY too early. but, then again, anytime you can say “took profit” then yeah! why would you take profit w/ the mania that is gold … and that’s the reason: “mania.” Sentiment […]

Facebook – strong resistance hit

Posted on August 10, 2020 Leave a Comment

we have 4 aspects of FB that show the ATH to be significant resistance. two 1.618 extensions, key trend line resistance and a projection from the ATL and while it exceeded .618ab*cd you can see as discussed in this blog it did hit the .68179ab*cd (musical note ratio) so we can see why this level/area […]

XLK / XLP – still has major resistance just a little higher!

Posted on August 5, 2020 Leave a Comment

we had a sell off on the ratio a couple weeks ago BUT there was not follow thru and we still have the lingering level just a little higher which is the real test … again, until we have a strong weekly close above this level I’m in the conservative/flat camp as far at the […]